Effects of simplicial centrality on robustness of higher-order multiplex world trade networks

Abstract World trade networks are exhaustively described by pairwise interactions, and overlook higher-order structure from the outcome of collective interactions at the level of groups of nodes like multilateral trade agreements. To address this limitation, we collect multiplex world trade networks, including the bilateral regional trade agreement network, which represents pairwise interactions; the multilateral regional trade agreement network, which naturally represents a higher-order network structure; and the import and export trade network, which represents pairwise interactions and additional complexities. The analysis of simplicial centrality, including degree, closeness, and subgraph at 0, 1, and 2-simplex levels, reveals that intra-level correlations are high, while inter-levels may exhibit significant disparities. Nodes with low centrality at higher-order levels could influence network robustness due to the diversity of interactions and higher-order dependencies. Simplicial centrality on robustness of multiplex world trade networks under random and targeted attacks reveals that the complex connectivity of higher-order levels renders them more vulnerable post-attack. An optimization strategy of the rebalancing of network centrality is proposed to enhance the robustness, and the simulation shows risks posed to central nodes are minimized and opportunities for peripheral nodes to partake in global trade are broadened.

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Publication Details

Journal
New Journal of Physics
Published
2024-11-01
DOI
https://doi.org/10.1088/1367-2630/ad8ee9
Citations
3
Primary Topic
Economic and Technological Innovation
Type
article
Field-Weighted Citation Impact
3.39

Funders

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article

Effects of simplicial centrality on robustness of higher-order multiplex world trade networks

Wenli Du, Zhuo-Ming Ren, Tongfeng Weng, Wan Wang
3 citations
New Journal of Physics
Economic and Technological Innovation
3.39
article

Effects of simplicial centrality on robustness of higher-order multiplex world trade networks

Wenli Du, Zhuo-Ming Ren, Tongfeng Weng, Wan Wang
article en
3 citations

Abstract

Abstract World trade networks are exhaustively described by pairwise interactions, and overlook higher-order structure from the outcome of collective interactions at the level of groups of nodes like multilateral trade agreements. To address this limitation, we collect multiplex world trade networks, including the bilateral regional trade agreement network, which represents pairwise interactions; the multilateral regional trade agreement network, which naturally represents a higher-order network structure; and the import and export trade network, which represents pairwise interactions and additional complexities. The analysis of simplicial centrality, including degree, closeness, and subgraph at 0, 1, and 2-simplex levels, reveals that intra-level correlations are high, while inter-levels may exhibit significant disparities. Nodes with low centrality at higher-order levels could influence network robustness due to the diversity of interactions and higher-order dependencies. Simplicial centrality on robustness of multiplex world trade networks under random and targeted attacks reveals that the complex connectivity of higher-order levels renders them more vulnerable post-attack. An optimization strategy of the rebalancing of network centrality is proposed to enhance the robustness, and the simulation shows risks posed to central nodes are minimized and opportunities for peripheral nodes to partake in global trade are broadened.

New Journal of PhysicsVol. 26(11)
Hangzhou Normal University (CN), Scuola Superiore Meridionale (IT)
National Natural Science Foundation of China
Openalex Percentile: Top 6%
Economic and Technological Innovation
3.39
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Effects of simplicial centrality on robustness of higher-order multiplex world trade networks — Wenli Du, Zhuo-Ming Ren, et al. · New Journal of Physics (2024) | TGRS Research Map | TGRS